2020 BULKERS LTD (2020.OL) Stock Fundamental Analysis
OSL:2020 - Euronext Oslo - BMG9156K1018 - Common Stock - Currency: NOK
We assign a fundamental rating of 6 out of 10 to 2020. 2020 was compared to 20 industry peers in the Marine Transportation industry. 2020 scores excellent points on both the profitability and health parts. This is a solid base for a good stock. 2020 has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year 2020 was profitable.
2020 had a positive operating cash flow in the past year.
Each year in the past 5 years 2020 has been profitable.
Each year in the past 5 years 2020 had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 17.83%, 2020 belongs to the top of the industry, outperforming 85.00% of the companies in the same industry.
With a decent Return On Equity value of 32.00%, 2020 is doing good in the industry, outperforming 80.00% of the companies in the same industry.
2020's Return On Invested Capital of 15.97% is amongst the best of the industry. 2020 outperforms 85.00% of its industry peers.
2020 had an Average Return On Invested Capital over the past 3 years of 13.93%. This is above the industry average of 10.49%.
The last Return On Invested Capital (15.97%) for 2020 is above the 3 year average (13.93%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 17.83% | ||
| ROE | 32% | ||
| ROIC | 15.97% |
ROA(3y)14.61%
ROA(5y)12.95%
ROE(3y)28.88%
ROE(5y)28.22%
ROIC(3y)13.93%
ROIC(5y)12.58%
1.3 Margins
The Profit Margin of 2020 (57.76%) is better than 100.00% of its industry peers.
In the last couple of years the Profit Margin of 2020 has grown nicely.
2020's Operating Margin of 64.98% is amongst the best of the industry. 2020 outperforms 100.00% of its industry peers.
In the last couple of years the Operating Margin of 2020 has grown nicely.
2020 has a Gross Margin of 81.83%. This is amongst the best in the industry. 2020 outperforms 100.00% of its industry peers.
2020's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 64.98% | ||
| PM (TTM) | 57.76% | ||
| GM | 81.83% |
OM growth 3Y1.88%
OM growth 5Y49.3%
PM growth 3Y3.06%
PM growth 5YN/A
GM growth 3Y0.45%
GM growth 5Y2.23%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so 2020 is creating value.
Compared to 1 year ago, 2020 has about the same amount of shares outstanding.
Compared to 5 years ago, 2020 has more shares outstanding
2020 has a better debt/assets ratio than last year.
2.2 Solvency
2020 has an Altman-Z score of 3.07. This indicates that 2020 is financially healthy and has little risk of bankruptcy at the moment.
2020's Altman-Z score of 3.07 is amongst the best of the industry. 2020 outperforms 90.00% of its industry peers.
The Debt to FCF ratio of 2020 is 3.18, which is a good value as it means it would take 2020, 3.18 years of fcf income to pay off all of its debts.
2020's Debt to FCF ratio of 3.18 is in line compared to the rest of the industry. 2020 outperforms 60.00% of its industry peers.
2020 has a Debt/Equity ratio of 0.74. This is a neutral value indicating 2020 is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.74, 2020 is not doing good in the industry: 60.00% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.74 | ||
| Debt/FCF | 3.18 | ||
| Altman-Z | 3.07 |
ROIC/WACC1.82
WACC8.75%
2.3 Liquidity
A Current Ratio of 2.45 indicates that 2020 has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 2.45, 2020 belongs to the top of the industry, outperforming 90.00% of the companies in the same industry.
A Quick Ratio of 2.45 indicates that 2020 has no problem at all paying its short term obligations.
2020 has a Quick ratio of 2.45. This is amongst the best in the industry. 2020 outperforms 90.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.45 | ||
| Quick Ratio | 2.45 |
3. Growth
3.1 Past
2020 shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -10.26%.
Measured over the past 5 years, 2020 shows a small growth in Earnings Per Share. The EPS has been growing by 1.97% on average per year.
2020 shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -17.64%.
2020 shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 65.82% yearly.
EPS 1Y (TTM)-10.26%
EPS 3Y1.97%
EPS 5YN/A
EPS Q2Q%-99.2%
Revenue 1Y (TTM)-17.64%
Revenue growth 3Y-0.52%
Revenue growth 5Y65.82%
Sales Q2Q%-78.27%
3.2 Future
2020 is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -3.36% yearly.
Based on estimates for the next years, 2020 will show a quite strong growth in Revenue. The Revenue will grow by 10.83% on average per year.
EPS Next Y-60.82%
EPS Next 2Y-21.04%
EPS Next 3Y-3.36%
EPS Next 5YN/A
Revenue Next Year-16.1%
Revenue Next 2Y2.47%
Revenue Next 3Y10.83%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 5.98 indicates a rather cheap valuation of 2020.
60.00% of the companies in the same industry are cheaper than 2020, based on the Price/Earnings ratio.
2020 is valuated cheaply when we compare the Price/Earnings ratio to 27.61, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 6.03, the valuation of 2020 can be described as very cheap.
2020's Price/Forward Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 37.13, 2020 is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.98 | ||
| Fwd PE | 6.03 |
4.2 Price Multiples
2020's Enterprise Value to EBITDA ratio is in line with the industry average.
2020's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.27 | ||
| EV/EBITDA | 6.03 |
4.3 Compensation for Growth
The excellent profitability rating of 2020 may justify a higher PE ratio.
A cheap valuation may be justified as 2020's earnings are expected to decrease with -3.36% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-21.04%
EPS Next 3Y-3.36%
5. Dividend
5.1 Amount
2020 does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
OSL:2020 (7/31/2025, 12:23:40 PM)
128.25
+0.05 (+0.04%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners28.28%
Inst Owner ChangeN/A
Ins Owners4.57%
Ins Owner ChangeN/A
Market Cap2.93B
Analysts80
Price Target139.94 (9.12%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly Dividend38.16
Dividend Growth(5Y)N/A
DP155.42%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-68.83%
Min EPS beat(2)-91.09%
Max EPS beat(2)-46.57%
EPS beat(4)2
Avg EPS beat(4)-26.41%
Min EPS beat(4)-91.09%
Max EPS beat(4)30.29%
EPS beat(8)5
Avg EPS beat(8)0.42%
EPS beat(12)5
Avg EPS beat(12)-2.12%
EPS beat(16)7
Avg EPS beat(16)-2.59%
Revenue beat(2)0
Avg Revenue beat(2)-19.36%
Min Revenue beat(2)-21.48%
Max Revenue beat(2)-17.25%
Revenue beat(4)1
Avg Revenue beat(4)17.29%
Min Revenue beat(4)-21.48%
Max Revenue beat(4)108.02%
Revenue beat(8)3
Avg Revenue beat(8)22.79%
Revenue beat(12)5
Avg Revenue beat(12)15.48%
Revenue beat(16)7
Avg Revenue beat(16)12.16%
PT rev (1m)-11.67%
PT rev (3m)-14.61%
EPS NQ rev (1m)-8.86%
EPS NQ rev (3m)-26.15%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)-4.92%
Revenue NQ rev (3m)-12.35%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.12%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.98 | ||
| Fwd PE | 6.03 | ||
| P/S | 3.45 | ||
| P/FCF | 8.27 | ||
| P/OCF | 8.27 | ||
| P/B | 1.91 | ||
| P/tB | 1.91 | ||
| EV/EBITDA | 6.03 |
EPS(TTM)21.46
EY16.73%
EPS(NY)21.28
Fwd EY16.59%
FCF(TTM)15.51
FCFY12.09%
OCF(TTM)15.51
OCFY12.09%
SpS37.13
BVpS67.02
TBVpS67.02
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 17.83% | ||
| ROE | 32% | ||
| ROCE | 20.74% | ||
| ROIC | 15.97% | ||
| ROICexc | 17.07% | ||
| ROICexgc | 17.07% | ||
| OM | 64.98% | ||
| PM (TTM) | 57.76% | ||
| GM | 81.83% | ||
| FCFM | 41.76% |
ROA(3y)14.61%
ROA(5y)12.95%
ROE(3y)28.88%
ROE(5y)28.22%
ROIC(3y)13.93%
ROIC(5y)12.58%
ROICexc(3y)14.87%
ROICexc(5y)13.42%
ROICexgc(3y)14.87%
ROICexgc(5y)13.42%
ROCE(3y)18.09%
ROCE(5y)16.33%
ROICexcg growth 3Y13.49%
ROICexcg growth 5Y148.43%
ROICexc growth 3Y13.49%
ROICexc growth 5Y148.43%
OM growth 3Y1.88%
OM growth 5Y49.3%
PM growth 3Y3.06%
PM growth 5YN/A
GM growth 3Y0.45%
GM growth 5Y2.23%
F-Score6
Asset Turnover0.31
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.74 | ||
| Debt/FCF | 3.18 | ||
| Debt/EBITDA | 1.75 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 6.59 | ||
| Cash Conversion | 54.99% | ||
| Profit Quality | 72.29% | ||
| Current Ratio | 2.45 | ||
| Quick Ratio | 2.45 | ||
| Altman-Z | 3.07 |
F-Score6
WACC8.75%
ROIC/WACC1.82
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)117.38%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-10.26%
EPS 3Y1.97%
EPS 5YN/A
EPS Q2Q%-99.2%
EPS Next Y-60.82%
EPS Next 2Y-21.04%
EPS Next 3Y-3.36%
EPS Next 5YN/A
Revenue 1Y (TTM)-17.64%
Revenue growth 3Y-0.52%
Revenue growth 5Y65.82%
Sales Q2Q%-78.27%
Revenue Next Year-16.1%
Revenue Next 2Y2.47%
Revenue Next 3Y10.83%
Revenue Next 5YN/A
EBIT growth 1Y-18.06%
EBIT growth 3Y1.35%
EBIT growth 5Y147.57%
EBIT Next Year-44.4%
EBIT Next 3Y2.09%
EBIT Next 5YN/A
FCF growth 1Y-8.92%
FCF growth 3Y-18.8%
FCF growth 5YN/A
OCF growth 1Y-8.92%
OCF growth 3Y-18.8%
OCF growth 5Y54.36%